Once hailed as China’s first women’s wear brand to be listed on the stock market, La Chapelle has announced that it will withdraw from the Hong Kong Stock Exchange on November 14. According to the company’s filings, the Listing Review Committee has upheld its decision to cancel the company’s listing qualification. In the first half of this year, La Chapelle’s revenue dropped by 17% to 69.35 million RMB ($9.5 million), with a net loss of 40.4 million RMB ($5.5 million). The number of stores decreased by 62 to 155. Founded in 1998, La Chapelle rapidly expanded with a multi-brand strategy and direct sales model, going public in Hong Kong in 2014 and listing on the Shanghai Stock Exchange in 2017. However, since 2016, the brand has faced challenges such as the impact of e-commerce and reduced foot traffic, leading to a continued decline in performance in recent years.